Category Archives: Cyprus banks

Cypriot events send worrisome message to savers and bank customers throughout Europe.

The dust is now settling on the wreckage of the Cypriot economy and its financial services sector. In a move that shocked many millions of people in Europe and elsewhere the European union , the ECB and the IMF imposed … Continue reading

Posted in austerity, business cycles, Cyprus banks, deficit hysteria, European unemployment | Tagged , , | Leave a comment

A tale of two bankruptcies: Washington Mutual versus Laiki Bank

According to Alan Blinder, a former vice chair of the Federal reserve and professor of Economics at Princeton and a Keynesian when Washington Mutual one of the largest banks in the U.S. with assets of $328 billion  went bankrupt in … Continue reading

Posted in austerity, Cyprus banks, European financial stability fund, Greek sovereign debt crisis, Uncategorized | Tagged , , | Leave a comment